exv4w1






Exhibit 4.1




AMENDMENT TO RIGHTS AGREEMENT




BY AND BETWEEN



AMICAS, INC.



AND



STOCKTRANS, INC., AS RIGHTS AGENT



     THIS AMENDMENT TO RIGHTS AGREEMENT (this “Amendment”) is made as of this 24th day of December,
2009 by and between AMICAS, Inc., a Delaware corporation (the “Corporation”), and StockTrans, Inc.,
as rights agent (the “Rights Agent”). Capitalized terms used but not defined herein shall have the
meanings given to such terms in the Merger Agreement (as defined below).



     WHEREAS, the Corporation is entering into an Agreement and Plan of Merger (as the same may be
amended from time to time, the “Merger Agreement”) by and among the Corporation, Project Alta
Holdings Corp., a Delaware corporation (“Parent”), and Project Alta Merger Corp., a Delaware
corporation and wholly owned subsidiary of Parent (“Merger Sub”), providing for transactions
(collectively, the “Merger”) pursuant to which, among other things, the Corporation will become a
wholly owned subsidiary of Parent, and the former stockholders of the Corporation will receive the
Merger Consideration.



     WHEREAS, the Corporation and the Rights Agent are parties to a Rights Agreement dated as of
December 5, 2002 (the “Rights Agreement”).



     WHEREAS, the Board of Directors of the Corporation and a majority of the members of the
Independent Director Committee (as defined in the Rights Agreement) have



 









 





deemed it advisable and in the best interests of the Corporation and its stockholder to amend
the Rights Agreement as set forth herein.




     WHEREAS, the parties desire to amend the Rights Agreement in connection with the execution and
delivery of the Merger Agreement as set forth herein.



     NOW, THEREFORE, in consideration of the foregoing and the mutual agreements herein set forth,
the parties hereby agree as follows:



     1. The definition of “Acquiring Person” set forth in Section 1 of the Rights Agreement is
hereby amended by adding the following sentence to the end of that definition:




Notwithstanding the foregoing, no Person shall be or become an
Acquiring Person by reason of (i) the announcement, disclosure,
approval, execution, delivery or performance of (x) the Agreement
and Plan of Merger dated as of December 24, 2009 (the “Merger
Agreement”) by and among the Corporation, Project Alta Holdings
Corp., a Delaware corporation (“Parent”), and Project Alta Merger
Corp., a Delaware corporation and wholly owned subsidiary of Parent
(“Merger Sub”), or any amendment thereto, (y) the Voting Agreement
dated as of December 24, 2009 between Parent and certain
stockholders of the Corporation (the “Voting Agreement”) or any
amendment thereto, or (ii) the consummation of any transaction
contemplated by the Merger Agreement of the Voting Agreement.



     2. The definition of “Stock Acquisition Date” included in Section 1 of the Rights Agreement
shall be amended by adding the following sentence to the end of such definition:




Notwithstanding any other provision of this Rights Agreement, a
Stock Acquisition Date shall not be deemed to have occurred solely
by reason of (i) the announcement, disclosure, approval, execution,
delivery or performance of (x) the Merger Agreement or any amendment
thereto, or (y) the Voting Agreement or any amendment thereto, or
(ii) the consummation of any transaction contemplated by the Merger
Agreement of the Voting Agreement.



     3. Section 3(b) of the Rights Agreement shall be amended by adding the following sentence to
the end thereof:



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Notwithstanding any other provision of this Rights Agreement, no
Distribution Date shall be deemed to have occurred solely by reason
of (i) the announcement, disclosure, approval, execution, delivery
or performance of (x) the Merger Agreement or any amendment thereto,
or (y) the Voting Agreement or any amendment thereto, or (ii) the
consummation of any transaction contemplated by the Merger Agreement
of the Voting Agreement.



     4. The second sentence of Section 7(a) of the Rights Agreement shall be amended to read in its
entirety as follows:




Except as otherwise provided herein, the Rights may be exercised, in
whole or in part, at any time commencing with the Distribution Date
upon surrender of the Rights Certificate, with the form of election
to purchase and certificate on the reverse side thereof duly
executed (with signatures duly guaranteed), to the Rights Agent at
the principal office of the Rights Agent located at 44 West
Lancaster Avenue, Ardmore, Pennsylvania, 19003, together with
payment of the Exercise Price for each Right exercised, subject to
adjustment as hereinafter provided, at or prior to the earliest of
(i) immediately prior to the Effective Time (as that term is defined
in the Merger Agreement), (ii) the Close of Business on December 5,
2012 (or if the Distribution Date shall have occurred before
December 5, 2012 (or if the Distribution Date shall have occurred
before December 5, 2012, at the Close of Business on the
90th day following the Distribution Date) or (iii) the
Close of Business on the date on which the Rights are redeemed as
provided in Section 23 hereof (such earlier date being herein
referred to as the “Expiration Date”).



     5. The first paragraph of Section 13(c) shall be amended by adding the words “(other than any
such transaction contemplated by the Merger Agreement or the Voting Agreement)” after the first
reference in the first paragraph of Section 13(c) to “any consolidation, merger or sale or transfer
of assets or earning power referred to in Section 13(a).”



     6. The Rights Agreement, as amended by this Amendment, shall remain in full force and effect
in accordance with its terms.



     7. This Amendment shall be deemed to be a contract made under the laws of the State of
Delaware and for all purposes shall be governed by and construed in accordance with



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the laws of such State applicable to contracts to be made and performed entirely within such
State. This Amendment may be executed in any number of counterparts, each of such counterparts
shall for all purposes be deemed to be an original, and all such counterparts shall together
constitute but one and the same instrument. If any term, provision, covenant or restriction of
this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this
Amendment shall remain in full force and effect and shall in no way be affected, impaired or
invalidated.




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     IN WITNESS WHEREOF, the parties herein have caused this Amendment to be duly executed as of
the date and year first above written.



	 	 	 	 	 
	 	



AMICAS, INC.

 	 
	 	By:  	/s/ Craig Newfield
 	 
	 	 	Name:  	Craig Newfield 	 
	 	 	Title:  	General Counsel 	 
	 
	 	STOCKTRANS, INC., Rights Agent

 	 
	 	By:  	/s/ Robert J. Winterle
 	 
	 	 	Name:  	Robert J. Winterle 	 
	 	 	Title:  	Vice President, Operations 	 
	 




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